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High Court Wellington
11 September; 12 September 1924
Herdman J
Court of Appeal Wellington
27 March; 30 April 1925
Sim J; Reed J; Adams J; Ostler J
11 September; 12 September 1924
Herdman J
Court of Appeal Wellington
27 March; 30 April 1925
Sim J; Reed J; Adams J; Ostler J
Company Law — Society registered under Industrial and Provident Societies Act, 1908 — Limit to Borrowing-powers fixed by Rules — Debentures granted by Society as Security for Loan made in Excess of Limit — Whether Debentures "Bonds" — Debentures ultra vires.